GILTS: Opening calls

Mar-15 07:57

Gilt calls, range 103.16/103.41, downside risk with Rates and Govies lower.

Historical bullets

GILTS: Opening calls

Feb-13 07:55

Gilt opening calls: Range 103.70/103.86, would give a 103.78 mid (with Bund at 135.76).

EQUITIES: EU Cash opening calls

Feb-13 07:52
  • Estox 50: +0.10%.
  • Dax: +0.02%.
  • CAC: +0.03%.
  • FTSE +0.18%.
  • SMI +0.32%.

USDJPY TECHS: Resistance At The 50-Day EMA Remains Intact

Feb-13 07:52
  • RES 4: 136.67 38.2% retracement of the Oct 21 - Jan 16 bear leg
  • RES 3: 134.77 High Jan 6 and a key resistance
  • RES 2: 134.54 Low Dec 14
  • RES 1: 132.77/90 50-day EMA / High Feb 6
  • PRICE: 132.06 @ 07:42 GMT Feb 13
  • SUP 1: 129.81 Low Feb 10
  • SUP 2: 128.09/127.23 Low Feb 2 / Low Jan 16 and the bear trigger
  • SUP 3: 126.81 1.382 proj of the Oct 31 - Nov 15 - 21 price swing
  • SUP 4: 126.36 Low May 24 and a key support

USDJPY continues to trade below the 50-day EMA, at 132.77. This average represents a key short-term level and a clear break is required to suggest scope for an extension higher that would expose 134.77, the Jan 6 high. The broader trend direction remains down and recent gains are considered corrective. Firm support to watch is at 128.09, the Feb 2 low. The bear trigger is at 127.23, the Jan 16 low - a break would resume the downtrend.